U.S. Textiles 2024: Challenges and Opportunities in the Textile Industry amid Economic Uncertainty
U.S. Textiles 2024: Challenges and Opportunities in the Textile Industry amid Economic Uncertainty
The January 2024 Manufacturing ISM® Report On Business®, as highlighted on TextileWorld.com, paints a grim picture for the manufacturing sector as the new year unfolds. The report marks the 15th consecutive month of contraction in U.S. manufacturing industries, following a brief period of stagnation and preceding 28 months of growth. This downturn contrasts sharply with the previous robust growth, which buoyed textile sectors such as "Apparel, Leather & Allied Products" and "Textile Mills."
Read: Cotton Crisis in America: US Textile Mills Drops to Lowest Since 1885
However, amidst the gloom, there are glimmers of hope. The textile sectors are among the four reporting growth in Janu...